Boost for PSU Banks

Finally, there seems to be the much needed credit boost… When the government announced the unprecedented Rs.2.11 trillion bank rescue package this week, it did stir a sense of euphoria. A day after the announcement the PSU banks were up anywhere between 20% and 45%. The question is whether this package is actually a boost…

Cheer For FPIs

Foreign investors have something to smile about…   In the last couple of weeks there were a couple of clarifications coming from the government which could bring cheer to FPIs. The clarifications on GAAR and P-Notes came in at a time when the global markets were roiled by the post BREXIT uncertainty. What are these…

Reliance Q4

Continues to impress on the margins front… The Reliance fourth quarter results announced on Friday were much better than street expectations. This was partly due to the lower expectations that had built around the fourth quarter. A profit of Rs.7380 crore was slightly above street expectations. The two things that were really commendable about the…

ECB Rate Cut

Rates are already negative and still no sign of growth… The ECB decision on Thursday was actually much more dovish than the global markets had expected. The rates were cut further into negative territory while the monthly bond buying program was hiked by €20 billion to €80 billion. The markets were anticipating a rise of…